Month: July 2024
Delta CEO: Company Suing Microsoft and CrowdStrike After $500M Loss
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This Layer 2 Blockchain Could Lead Meme Coins Higher This Bull Market as Whales Buy In
It’s well known that whales often hold the reins to significant profits, leveraging their deep understanding of market trends and… Continue reading This Layer 2 Blockchain Could Lead Meme Coins Higher This Bull Market as Whales Buy In
The post This Layer 2 Blockchain Could Lead Meme Coins Higher This Bull Market as Whales Buy In appeared first on ReadWrite.
It’s well known that whales often hold the reins to significant profits, leveraging their deep understanding of market trends and strategic approaches to achieve substantial gains.
In contrast, average retail investors frequently struggle to achieve similar results.
This piece explores why whales are particularly well-positioned to benefit from the current cryptocurrency market landscape and why retail investors should take note, especially with emerging projects like Pepe Unchained.
How whales spot crypto gems like Pepe Unchained
Whales are often the first to spot promising opportunities, investing substantial sums in projects before the broader market catches on. This strategic early investment allows them to reap significant rewards.
The emotional and logical approaches to cryptocurrency trading differ vastly between whales and retail investors. While retail investors may react impulsively to market swings, whales leverage data and trends to guide their decisions, thus securing profitable positions.
One recent example is Pepe Unchained, a new Layer 2 blockchain designed specifically for meme coins. This project has gained considerable traction, drawing significant interest from whales.
With the presale surpassing $6.5 million, it’s clear that large investors see potential in Pepe Unchained, and their involvement is a strong indicator of the project’s promise.
Whale-backed Pepe Unchained (PEPU) presale surges past $6 million
Pepe Unchained stands out as a Layer 2 solution on the Ethereum network, focused on meme coins—a niche that tends to capture retail investor enthusiasm during market peaks.
Unlike other Layer 2 solutions centered on technology, Pepe Unchained is tapping into the meme coin trend, which is expected to attract retail investors as the bull market peaks. The presale of Pepe Unchained has been particularly impressive.
A recent report highlighted a whale investing nearly $200,000 in $PEPU tokens. This investment, amounting to 56 Ethereum, underscores the whale’s confidence in the project’s potential.
As Bitcoin continues to perform well, the buzz around Pepe Unchained is only growing. The project’s presale is gaining rapid momentum, with over $6.5 million raised and an expected surge to $7 million within 48 hours.
Chain after chain is broken! 🐸⛓️
Pepe has raised $6M! The revolution continues! pic.twitter.com/555bPCkWdE
— Pepe Unchained (@pepe_unchained) July 28, 2024
This imminent price increase underscores the urgency for investors to acquire $PEPU tokens at the current bargain price. Anticipation is high for a significant value increase once the project launches on the open market.
Pepe Unchained’s promising features amid retail investor decline
Retail investors often face challenges when trying to navigate the cryptocurrency space. Current Google Trends data reveals a significant drop in retail interest, with levels at a low not seen since before 2017.
This decreased interest among retail investors contrasts sharply with the continued activity from whales and institutions. Despite this, the cryptocurrency market is known for its volatility and rapid changes in sentiment.
Retail interest is expected to surge again, coinciding with a new bull market rally. Whales, however, are not waiting for this shift; they are already capitalizing on opportunities like Pepe Unchained.
By investing in projects with low market caps and significant growth potential, whales are positioning themselves for substantial gains. Pepe Unchained offers several features that make it an attractive investment.
As a Layer 2 blockchain, it promises faster transaction speeds and lower fees compared to Ethereum, addressing common issues in the crypto space. The project also offers an impressive annualized interest rate of 293% for staking, thanks to 30% of the tokens being allocated for staking rewards.
This high staking reward is particularly appealing for early investors who can capitalize on the project’s early stages. The potential for significant returns is evident. For instance, if Pepe Unchained sees a 5x increase in value, early investors could see substantial profits.
The current opportunity presents a chance to invest in a project that, if successful, could lead to life-changing gains. To take part in the $PEPU token presale, visit pepeunchained.com.
Conclusion
The success of cryptocurrency investments often hinges on early participation and an innovative mindset. Whales, with their resources and expertise, excel at recognizing and seizing these opportunities.
Pepe Unchained emerges as a promising project within the meme coin sector, offering features that align with both technological progress and retail investor preferences.
As retail investors anticipate the next market shift, focusing on projects like Pepe Unchained could yield substantial returns.
Early investment and a keen understanding of market dynamics are crucial for achieving significant gains in this industry. Discover high-potential cryptocurrencies poised for significant growth in our guide to the top presales of 2024.
Related
Pepe Unchained – Potential to Lead the Meme Coin Rally and Become the Next Big Crypto as Its ICO Surges Past $4 Million
Current Market Rebound Will Lead These Three Meme Coins to Massive Gains – PlayDoge, Base Dawgz, and Pepe Unchained
The post This Layer 2 Blockchain Could Lead Meme Coins Higher This Bull Market as Whales Buy In appeared first on ReadWrite.
AWS Quietly Scales Back Some DevOps Services
AWS has quietly halted new customer onboarding for several of its services, including the once-touted CodeCommit source code repository and Cloud9 cloud IDE, signaling a potential retreat from its comprehensive DevOps offering.
The stealth deprecation, discovered by users encountering unexpected errors, has sent ripples through the AWS community, with many expressing frustration over the lack of formal announcements and the continued presence of outdated documentation. AWS VP Jeff Barr belatedly confirmed the decision on social media, listing affected services such as S3 Select, CloudSearch, SimpleDB, Forecast, and Data Pipeline.
Read more of this story at Slashdot.
AWS has quietly halted new customer onboarding for several of its services, including the once-touted CodeCommit source code repository and Cloud9 cloud IDE, signaling a potential retreat from its comprehensive DevOps offering.
The stealth deprecation, discovered by users encountering unexpected errors, has sent ripples through the AWS community, with many expressing frustration over the lack of formal announcements and the continued presence of outdated documentation. AWS VP Jeff Barr belatedly confirmed the decision on social media, listing affected services such as S3 Select, CloudSearch, SimpleDB, Forecast, and Data Pipeline.
Read more of this story at Slashdot.
The Average Electricity Bill in New York (and How to Lower It)
New York has some of the highest electricity rates in the country. Use these tips to help save money on your electric bill.
New York has some of the highest electricity rates in the country. Use these tips to help save money on your electric bill.
HP Envy x360 16 Review: Midrange Convertible With Premium OLED Display
Its AMD Ryzen 8040 series CPU makes it pretty fast, too.
Its AMD Ryzen 8040 series CPU makes it pretty fast, too.
Tesla involved in fatal Washington crash was using self-driving mode
A deadly accident in Washington that took the life of a motorcyclist earlier this year was caused by a Tesla vehicle while it was in “Full Self Driving” mode. The Associated Press reported that investigators from the Washington State Patrol confirmed that a 2022 Tesla Model S involved in the fatality accident in April was in self-driving mode from the car’s event-data recorder.
The accident occurred on April 19 on the eastbound side of State Route 522 approximately 15 miles northeast of Seattle. The unidentified driver told police he had his Tesla’s self-driving mode on and was looking at his phone at the time of the crash. The vehicle crashed into the back of the motorcycle pinning Jeffrey Nissen, 28, underneath the vehicle. Paramedics pronounced Nissen dead at the scene of the accident, according to Seattle-based KIRO 7 News.
Tesla chief executive officer Elon Musk has been making promises for autonomous cars for years now. Musk’s promises coupled with vehicle safety concerns prompted Sen. Ed Markey and Richard Blumenthal to issue a letter to the Federal Trade Commission (FTC) urging them to open an investigation into Tesla’s “misleading advertising and marketing” practices for its Autopilot and Full Self-Driving modes. Last year, the NHTSA recalled over 2 million Tesla vehicles due to concerns about driver inattention during Autopilot mode.
Musk also promised “one million robo-taxis” in 2019 by the end of the following year. Four years later, the car company is still delaying the unveiling of its robotaxi initiative due to design changes.
The Washington accident happened just a few days before the National Highway Traffic Safety Administration (NHTSA) concluded a review that linked 14 deaths caused by 13 accidents to Tesla vehicles operating in Autopilot mode. The NHTSA’s report concluded that “Tesla’s weak driver engagement system was not appropriate for Autopilot’s permissive operating capabilities” and the Full Self-Driving mode “did not adequately ensure that drivers maintained their attention on the driving task.”
The Wall Street Journal conducted its own investigation into Tesla’s Autopilot mode using data obtained from cars involved in accidents and published its findings on Monday. The video report found that Tesla reported over 1,000 crashes to the NHTSA since 2016. The data the WSJ obtained from 222 of those crashes determined that 44 were in Autopilot mode.This article originally appeared on Engadget at https://www.engadget.com/tesla-involved-in-fatal-washington-crash-was-using-self-driving-mode-170706606.html?src=rss
A deadly accident in Washington that took the life of a motorcyclist earlier this year was caused by a Tesla vehicle while it was in “Full Self Driving” mode. The Associated Press reported that investigators from the Washington State Patrol confirmed that a 2022 Tesla Model S involved in the fatality accident in April was in self-driving mode from the car’s event-data recorder.
The accident occurred on April 19 on the eastbound side of State Route 522 approximately 15 miles northeast of Seattle. The unidentified driver told police he had his Tesla’s self-driving mode on and was looking at his phone at the time of the crash. The vehicle crashed into the back of the motorcycle pinning Jeffrey Nissen, 28, underneath the vehicle. Paramedics pronounced Nissen dead at the scene of the accident, according to Seattle-based KIRO 7 News.
Tesla chief executive officer Elon Musk has been making promises for autonomous cars for years now. Musk’s promises coupled with vehicle safety concerns prompted Sen. Ed Markey and Richard Blumenthal to issue a letter to the Federal Trade Commission (FTC) urging them to open an investigation into Tesla’s “misleading advertising and marketing” practices for its Autopilot and Full Self-Driving modes. Last year, the NHTSA recalled over 2 million Tesla vehicles due to concerns about driver inattention during Autopilot mode.
Musk also promised “one million robo-taxis” in 2019 by the end of the following year. Four years later, the car company is still delaying the unveiling of its robotaxi initiative due to design changes.
The Washington accident happened just a few days before the National Highway Traffic Safety Administration (NHTSA) concluded a review that linked 14 deaths caused by 13 accidents to Tesla vehicles operating in Autopilot mode. The NHTSA’s report concluded that “Tesla’s weak driver engagement system was not appropriate for Autopilot’s permissive operating capabilities” and the Full Self-Driving mode “did not adequately ensure that drivers maintained their attention on the driving task.”
The Wall Street Journal conducted its own investigation into Tesla’s Autopilot mode using data obtained from cars involved in accidents and published its findings on Monday. The video report found that Tesla reported over 1,000 crashes to the NHTSA since 2016. The data the WSJ obtained from 222 of those crashes determined that 44 were in Autopilot mode.
This article originally appeared on Engadget at https://www.engadget.com/tesla-involved-in-fatal-washington-crash-was-using-self-driving-mode-170706606.html?src=rss
Meta addresses AI hallucination as chatbot says Trump shooting didn’t happen
Meta “programmed it to simply not answer questions,” but it did anyway.
Enlarge (credit: Getty Images |NurPhoto)
Meta says it configured its AI chatbot to avoid answering questions about the Trump rally shooting in an attempt to avoid distributing false information, but the tool still ended up telling users that the shooting never happened.
“Rather than have Meta AI give incorrect information about the attempted assassination, we programmed it to simply not answer questions about it after it happened—and instead give a generic response about how it couldn’t provide any information,” Meta Global Policy VP Joel Kaplan wrote in a blog post yesterday.
Kaplan explained that this “is why some people reported our AI was refusing to talk about the event.” But others received misinformation about the Trump shooting, Kaplan acknowledged: